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TO HAVE AND TO HOLD the :ame, together with the tenements, he~editaments and appurtenances, unro tfie
Mortgagee, in fes simple.
;
AND the Mort~ayor doas hereby aovenant with the Mohgagee that he is indefeasibly seized of said land in fee simple,
that he has full power and lawful right b convey said isnd in fee simpie as aforesaid; that it shall be lawful for the
Mortgagee at all times peaoeably a~d quietly to enter upon, hold, occupy and enjoy ssid land; that said fand is froe
from all incumbronces; that he will make such funher assurances to protect the fee simple title to said land in the
Mortgagee as may ?easonably be ~equi~ed; that he does hereby fully wa~~ant the title to said land and will defe~d the
same against the lawful claims of all persons whomsoever.
PROVIDE~, ALWAYS, that if ifis Mortgago? shall psy unto tAe Mortgagee the certain promis:ory note of which the
following in words and figuros is s hue copy, to-wit:
~ COMMUNI?lf FEDERAL SAVIN~iS AND IOAN ASSCCIATION OF RIVIERA dEACN ;
~Dr#~tt$e ~D#P
RiwEw~ e~?a+. Fiot~a? Apri 1 25, „74.
~ d~inp ind~bf~d, fo~ valw receiwd, th~ w~d~rsiprnd 'piotly snd severdly praews~ to pay ro COMMUNIiY fEOERAL SAVII~IG6 AND
IOAN ASSOCIATION OF RIVIERA dEACN off+a. ~ M» cn,? ~ e~?~... s..~, fb.~a., a«a.., +h. ~~IRTY-SEVEN
?
THOUSAND TNO HUNDRED AND NO/100--------------------------------oou~us p 37,200.00 ~
~ ~ti.. ~ :~.Ka ~ ~~.nm.~. ~ Three Hundred Seven and 12/100--------
---------------~auRS cs 307.12 ~ TF.~ f'rst intt+llme~N shall b~ du~ and p~y~bk on the tenth
;~+r ~ June ~9 74 .~a :ubspwm in.t.~l~na sh.~~ b. av. .~a P.,~.bl. a+ ,h~ tenth
~ d~y of each and ~very cal~nda? month ther~aftn uMil tFr pr+~dpa) ~nd inta~st ar~ hrllp p~id.
l.~rper svmc m~y b~ paid ~t ~ny time, but the p~yment of ~ny such luyer swns in addition to tM payments hersin nqvired sh+tl ,
rot r~lieve the nwkas of th~ payme+~t of tlr monthly inst~llm~nts herein provided fo?, unkss it is specifkalFy stipulat~d by tlr m+kKS at th~ ~
V
i r~me of p~ymeM that such lar~s~ :ums ar~ to be ~ppl~ed ro the sdvanu p~ym~nt of ths monthly irutallmenb nt:t maturieg ln th~ ada d
; rhei. due dates. All p~yme~ts nwde upon this noh sh+ll be ~pplied fint to th~ paym~nt of ~cuued intenst and s~condly upon tl+~ princtp+L
' n~, ~g,~~ .h.u ~t~~ s.a,~ a.+. ~.m or Eight & Eight-Tenths P•• t 8.80 x~
pe. ~nnwn unN~ th. principa~ ana inte?est ar. fufly p~ia.
~
Interest fa each ukndsr monM shall be acc?vcd on the f'ust day of said month N+d be computed on the unp+id b~bna of prie~c~p+l ~
and imcrest existinp on the I~st dar of tF» preced'mq moeth. This note ih+ll b~ considered in defsult when any psymant ~ ro b~ ~
~ made herew~der shall not Mw besn md~ withio thirty days folbwirp iti due da» ~nd shall r~main in d~fwh until said payment slMII
I Mw been msde. Wfiil~ in defwM, th;s note sMll b~a? irnerest at ths rn~ of 10% pa annum liw of the rat~ haiu~btfore sp~afi~d.
All maksrs and endorsen now or hereaher bscamnp puties hertro jointy and sever~lly wirve d~nand, notiu of noapay~nem +nd
protat, ~nd ~ree that in th~ went of defavh in the payment of any installment due I~rsund~r the whole of said indebtedness sh+ll there-
upon at tM option of th~ holder, become inrnediately due and payabb, and if this rate beoanes in defavlt and 'a placed in tFr hands ~
of ~n anorn~y fa aolketion, to p~y ~e+sonable Htwaey's fe~s a~d all otfwr o~sts for maki~g sucb colkction.
~ This note may b~ pnpaid io whok or in p~rt at aep time withovr penahp. '
I ~
. _S/_:
Kei th C. Beard ~ i
i KEITH C. BEARD
~ _~___.-cs~w
Sandra B. Beard _ _:____~u
I SANDRA B. BEARD
~
~(ii~ note 'w aear?ed by • mortpa~e of even date e~cecu~ed bp the makers a+ fawr of Canrnw+Ay Federd Savin~'s ~nd losn Assn. of Rivier~ Oeach) '
~
. +
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and shall promptly perform, comply with, and abide by each and every the stipulatio~s, agreements, conditions, and
covenants of said promissory note and of this deed, then the estate hereby created shall cease and be null and void.
AND ihe Morigagor does hereby covenant and agree:
1. To pap all and sin9utr tM wincip~l r~d inNreq snd otMr wim d awn~y phr~ble bY virnie of ~+id praniswry note snd this mortype, a~itha. Vrwiptlr
on M. d.ya rao•~+~N. M. we. s.wr~~y oow~. eu..
t. To wr atl ~nd sinqu4r the faies, aasesarnn+~s, lev~es. I~abUr~es, o~..^ aan ~nd vicumb+nces ol rvery narwe on saw orscnDed poperty exh and tvery
when dw ~nd WY~We ~ccwd~nq ~o Iaw. De/ore eher becwne de~inweM, w.~ ~f rhe sa.ne shall not be womP~~r wid Me Mw~9+9K ~naY at any ~i,ne ef~her be/o~e
c~ a1~ de4nq~encr pay the samr w~rAw~ waivinq or ~ffectieq tM option to fo~eclou. a anr riqAt Aere~rnder. ~nd eve~v wY~t w m~de shall be~r interes~ froen
~he ds~e thereof at rhe rate pov~ded m s~id pom~ssory note-
i
To ke~p fhe buil6eqs ~nd all ~q~wpm~nt ~nd pwton~l poperty rww w hMUfte~ on Hid pemises, covered by ~his mwt9+g~, insus~d in a w~w tl IMSt
ia cawl w Nr unP+id bal~nc~ of this mortg~y~, includnp fini, ~aNnded covar+9e and vand+liam ~nd mdic~an irnwance as ro properties otFw tMn dwnlluqt. ~nd
}~re. ~atended coverape r.d sPa~ial form otFw PK~b pruranc~ on dw~tlin~ tligWe iw s~cA brwdened cover_~ - Vrov7ded. lww~rer, tMt wcA irow~nd b~ in
i
ama,nt sutiici~nt ro comply wnh ~r co-imvrsnc~ rpuir~Mf covsrinp s~ unde~ d» laws of tM ~uh of Fbrida. ~nd prorided firrdw thst ~he PdKY a Pd~ i
sMll M wrinw~ in s company w comparres aod thrwpl~ M~IKy fifiy(KtOfr 10 N~e Mo~9ap~~ a~d thn s~id policp ar pol~ci~s aMll M held b~r Hw Mwty~y~e
•nd shdl bw a standud PMw Yak MoAp~yM Clwx~ ~riMow comribwion. ~nakieq.N~e loss ueda+ sa:d poGcies wr+b~. b„+. ~wr9+w• p~+s ~+r +aw+~:
snd in ~M av~m ~rnr ww o( mw~r b~caw~s Pwsbb u~d~ arnr wch Pdict? w Po~ieies, the Morty~y~~ shall Mve dr aWion ro rsoeiv+ ~nd ~pply ~M s~ an
accamt oi ~M ind~bNdness her~by wc~nd, a ro p~nnit r!r Maty~qa to receiw and uw it, w+nY o+r~ dkreof, fa aher vwPoses, wifhwl MMCaby wsivi~q ~
a Mw+wuw +~Y W~h~, 1i~+4 or riylr u~dw ~nd M virtu~ of ~i na~tqp~: and in tM w~nt the Mwtysqw does not cw~wN with Nrs cov~rwK, tlr Mat9~9~~T ~
may pl~cf w~d Pw for wd~ insw~nu. a+~Y P+~ Mwr~of. willwut w~ivinp w aH~ctieg tM aWan to fa~clw~, a uw riyht here~nder ~nd Me firll ~nawM of e~thL ~
anA evwy sucA O+ynrM afrll b~ inrn~diNehr du~ snd W1/~bN ~nd sMll bear inlerest han the date tht~eof uotil paid at the ~are Wovided in aaid noh and to~Nlie?~~ ~
witM wcA inMest shdl b~ satur~0 bY 1M Iwn d 1M wwrlqa~. t
~ ~ s
4. TMt ~at/~~. ~er, d ewr f'~ dwiq tM wwlqa~ Nrw, o~d iw i1~ di~cr~tion, apply Iw rMwrd oi ~ertye~ Owrw~r iwwre~p csw~ip Mw ~
wwtqoy~ ~~cv~~d bp 11» uwdenqw~d ow doN he~~++ifl~. Pep tl» pra~iv~n dw br rwww NNrwf. owd ?p~i~~ r~popiwM 67r 11w w~d~niow~d ~i ~ f
~ucA a~oo~b os or~ od~onced br soid worlyoOM. In tM ~renf of (oil~r~ by tM ~wd~rsiOw~d b r~Pop wid owwreM b wid wwt~e~~. Nd 1~w~ daM
b~ cow~id~r~d o defonh, owd olt proniiioes oi tIN ~oN awd worqop~ wrifA reqord to d~faY11 sAoll b~ opplicobl~. ~
S. To v«mit. mrmnit a suN~r no wua, imp~irnrnl a d~Nriorniow of wid w~~Y, o? +nY P~rt d~er~. ~nd upon ~M tailur~ 01 Mw wwrty~qa w IwP
~ bvildinytian raid Y~~h M a~d cond~tion d r~V+ir. Mr MwtOpN mr~r d~nd t1» in~di~» rwNr of uid bv:16r~, w rn i~veaw in t!w MnowM of Ha+?iqr, a at
tM imn~iaN rp~ynwnt of Mr d~b her~bp wa~~d ~nd tM /~il~w~ of d» Matp+por w ca~wH wiM uid d~nw~d d tM Maty~q~t iw • p~riod of ~lwM (70) ~O
dav~, th~ll eanstir~N • brNCA of ~Ais nanqap~, and. N tM eWion of tM Mlorty~p», imm~d~aah muun tM «rir~ anaml of P~ineip~l ~nd iM~ers~ lw~~b~r O~
~acw~d, and imr~e~i;~t~ly ~.~A w:tho~l ~ofioe, tM Ma~9~p» ~y1r inatiluM P~~inq~ to Ionclos~ Mis mwt~p~ ~nd pply fW 1M ~ppantm~~t of • R~c~iv«. ~s
Fere~ra~ie. p,c.~~d
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